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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Evergold Corp | TSXV:EVER | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.04 | 0.035 | 0.04 | 0.04 | 0.04 | 0.04 | 142,000 | 01:00:00 |
“Pyramid Peak continues to tantalize with the prospect of a largely untouched, new, gold and silver-rich vein system running to depth within the mountain,” said Kevin Keough, President & CEO. "The abundant high-grade grabs and soils, and the local high-grade gold and silver we’ve achieved in drill intercepts to date, indicate the system, and the high grades, are there. We need, however, to sustain a drilling effort longer than we’ve been able to do to date, given the particular challenges of this site’s topography and weather. We look forward to advancing the project further in 2022.”
Table 1 – Snoball Drilling Assays | ||||||
Hole ID | From (m) | To (m) | Width (m) | Au (g/t) | Ag (g/t) | As (ppm) |
SB21-014 | 2.57 | 3.50 | 0.93 | 0.40 | 11.1 | 3010 |
SB21-015 | 0.00 | 2.44 | 2.44 | 6.18 | 11.9 | 10000 |
84.00 | 84.53 | 0.53 | 0.67 | 47.1 | 5060 | |
SB21-016 | 2.96 | 4.45 | 1.49 | 0.34 | 2.2 | 3910 |
SB21-017 | 2.40 | 3.50 | 1.10 | 0.78 | 5.6 | 4760 |
Notes: Widths reported above are drilled core lengths. True widths are estimated at 70% for holes SB21-014, 016 and 017, and 30% for hole SB21-015.
Table 2 – Drill Hole Azimuths and Dips | ||||
Hole ID | Pad | Azimuth(degrees) | Dip(degrees) | Total Depth(m) |
SB21-014 | 1 | 235 | 55 | 139.90 |
SB21-015 | 1 | 235 | 85 | 119.18 |
SB21-016 | 1 | 55 | 45 | 77.11 |
SB21-017 | 1 | 55 | 50 | 61.87 |
About Evergold
Evergold Corp. has been assembled by a team with a record of recent success in B.C., namely the establishment of GT Gold Corp. in 2016 and the discovery in 2017 of the Saddle South epithermal Au-Ag mineralized zone and the Saddle North porphyry copper-gold deposit, the latter of which holds more than 20 million ounces of gold equivalent in all categories. GT Gold was recently acquired by Newmont Corporation. Evergold combines four 100%-owned properties in prime B.C. geological real estate from well-known geologist C.J. (Charlie) Greig, with the recently optioned Rockland property in Nevada, seasoned management, and a qualified board. The Company’s flagship assets consist of the Golden Lion property, the Snoball property, and the past-producing high-grade Rockland gold-silver property in Nevada.
Qualified Person
Charles J. Greig, P.Geo., Senior Technical Advisor to the Company and a Qualified Person as defined by NI 43-101, has reviewed and approved the technical information in this news release.
For additional information, please contact:
Kevin M. KeoughPresident and CEOTel: (613) 622-1916www.evergoldcorp.cakevin.keough@evergoldcorp.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding Forward-Looking Information
This news release includes certain “forward-looking statements” which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, the Company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restrictions on labour and international travel and supply chains, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company’s public documents filed on SEDAR. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1e9b427a-ce78-483b-b1fb-a794523a25ab
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